#BTC 11.14 Morning analysis of the big pancake and the second pancake strategy.

Overnight until morning, the pancake continued to decline unilaterally: it plunged significantly to around 97900 in the early hours, hitting a recent low; subsequently, the price broke below previous lows multiple times, with the bullish momentum significantly waning. The current market is completely under the control of bears, and the bulls are struggling to resist. After key support levels were consecutively breached, the rebound has become a new entry opportunity for the bears.

After the recent rebound began, it was quickly suppressed by the bears, confirming that the short-term trend does not have a reversal basis, and the overall pattern is clearly bearish; there is only a slight rebound expectation at the 4-hour level, but the daily level remains weak. It is still advisable to follow the bearish trend, focusing on shorting during rebounds, while low-level short positions should only serve as auxiliary for those who are steady and cautious. Aggressive traders can participate with light positions, always paying attention to breakthrough situations above.

Operational Suggestions

Bitcoin: Rebound to around 100100-101800, target looking at around 98000, if broken down look at 965000$BTC

Two contracts: Rebound to around 3270-3320, target looking at around 3150, if broken down looking at 30500 #CoinDesk11月报告Gate战绩来袭